Thursday, January 01, 2009

Deduction limits and other information

2007

• Vehicle lease costs - up to a maximum of $ 800 per month
• Interest expense - $ 300 per month
• Cost of vehicle limit - $ 30,000 plus GST and PST

RRSP contribution limits:

• 2008 - $ 20,000
• 2009 - $ 21,000
• 2010 - $ 22,000
• 2011 - indexed